BMW - $372M hit for rapid depreciation and defaults in leased cars!

Teknik submitted on 4/26/2008 Auto Spies Photos Timestamp: 4:14:15 PM

Views : 18,411 | Category: Misc News | Source: | SOURCE: www.bloomberg.com

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Bayerische Motoren Werke AG, the world's largest maker of luxury cars, will book a 236 million-Euro ($370 million) charge after the weaker U.S. economy hurt the resale value of new autos it sells under lease agreements.

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BMW - $372M hit for rapid depreciation and defaults in leased cars!

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